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Building Relationships
Real Deals

Spanish Fort Apartments sells for S15 million; Credit union buys west Mobile office building;
Medical outfit rents 6,200 feet in west Mobile;
Whataburger to take on Five Guys in Foley;
Big Lots, Little Caesar's, Outlaw MMA eye Foley; 
Old Resort Quest in Gulf Shores sells for $615,000

By Kathy Jumper
Mobile Bay Times
Investors paid more than $15 million for Spanish Fort Apartments, a 216-unit complex located behind the Bass Pro Shops off Interstate 10 in Spanish Fort, records show.

The gated apartment community was controlled by Bank of America and Baldwin County Circuit Court. Cushman & Wakefield handled sale and Surety Land Title in Mobile handled the closing transaction.
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Navigator Credit Union paid $535,000 for a 1,600-square-foot office building on 1.27 ares at 5229 Cottage Hill Road next to the Walmart Neighborhood Market in west Mobile, according to Realtors. 

David Monroe and David Milstead of Bellator Real Estate & Development represented the buyer and Jay Roberds of NAI Mobile worked for the seller.

MedPoint Medical Services has leased 6,200 square feet at 1000 Hillcrest Road in west Mobile, according to Angela McArthur of Prudential Cooper & Co. commercial division, who represented the tenant. Jill Meeks of John Toomey & Co. worked for the landlord.

Construction is under way on a Whataburger restaurant on Ala. 59 in front of Lowe’s Home Improvement Warehouse in Foley, according to Realtors. The fast-food chain will be located adjacent to Five Guys Burgers
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Watch for Big Lots to build a store in front of Lowe’s in Foley later this year.
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Little Caesar’s Pizza and Outlaw MMA, a mixed martial arts training facility, have both leased space in Foley Plaza on Ala. 59 in Foley, according to Steve Ladas of Ladas Development

​The pizza chain will open soon in 2,000 square feet, and Outlaw MMA has opened in 3,500 square feet.

Local investors paid $615,000 for the former Resort Quest building on Ala. 59 in Gulf Shores, according to David Milstead of Bellator Real Estate & Development, who worked for the buyers.

The building will be updated and offered for lease, possibly as executive suites on the second floor, according to Milstead. Melissa White of REMAX Paradise represented the seller.

(Editor's noteKathy Jumper's Real Deals is a regular feature in Mobile Bay Times. Her real estate column previously appeared for many years in the Press-Register. Please encourage others to subscribe so that it will continue to inform Mobile/Baldwin readers. Leads and tips welcomed. Her email address is kjumper50@gmail.com
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